Price movements and fundamentals across major commodities.
Analysis and reporting on commodities such as oil, natural gas, gold, industrial metals, and agricultural products. Focuses on supply-demand dynamics, geopolitical risks, inventory trends, and macro drivers affecting commodity markets.
2,383 total articles
Markets face a confluence of pressures - rising inflation, geopolitical tension in the Gulf, earnings setbacks at major tech names and imminent central bank rate decisions. Headline inflation has climbed back to 4.2%, while May core CPI was marginally cooler than forecast. Investors are awaiting U.S. producer price data and several high-profile mon…
The U.S. government is expediting drug approvals, front-loading $100 million in funding and diverting personnel to confront a re-emergence of the New World screwworm. While treatments have been fast-tracked and stockpiles built in Texas, officials face limited supplies of sterile flies and a 25% reduction in animal health specialists that some say …
A Reuters/Ipsos poll finds only about one-third of Americans support the fast pace of data center construction that underpins AI development, while a clear majority would oppose a data center in their own community. Concerns center on electricity costs, land and water use, limited local job creation, and transparency around tax incentives as the fe…
Indian authorities said three seafarers have been confirmed dead following a U.S. military strike on the Palau-flagged tanker Settebello in the Gulf of Oman. The operation, part of a U.S. campaign to block Iran-linked shipping that began on April 13, has disabled several vessels and redirected many more. India has protested to the United States and…
Dutch TTF natural gas futures remained anchored at 50 euros per MWh as the U.S.-Iran conflict entered a second day with little progress toward de-escalation. British futures were flat at 121 pence per therm. Markets are balancing the prospect of disrupted shipments through the Strait of Hormuz, strained LNG competition as Europe replenishes storage…
Sources from Iran and a European official say preliminary talks between Tehran and Washington have accelerated, with negotiators trading messages on a memorandum of understanding. While a political understanding appears to have been reached, key technical details remain unresolved, notably a mechanism for releasing tens of billions in Iranian oil r…
The United States has become the world’s largest oil exporter, driven by rapid shale-era production growth, strategic reserve releases and disruptions to Saudi and Russian shipments. Data from ship trackers show U.S. combined crude and fuel exports reached about 10.5 million barrels per day in May, making the country the top exporter for the third …
Gold recovered from its weakest level since late November, rising in Asian trading after earlier touching a more-than-six-month low. The rebound comes as fresh U.S. strikes on Iran and Iran's move to halt vessel traffic through the Strait of Hormuz heightened geopolitical risk, even as rising energy-driven inflation and prospects for higher U.S. in…
Oil prices fell sharply after U.S. President Donald Trump said he had canceled planned strikes on Iran, citing advanced discussions at the highest levels of Iran’s leadership and approval from a broad regional coalition. Brent and U.S. crude futures both declined, while developments in the Strait of Hormuz and a larger-than-expected U.S. crude inve…
Oil benchmarks rallied in Asian trading following new U.S. strikes on Iranian targets and Tehran's declaration that it will close the Strait of Hormuz to vessel traffic. Prices were further supported by a larger-than-expected weekly crude inventory draw reported by the U.S. Energy Information Administration and concerns that rising energy costs are…
The U.S. administration defended recent sanctions on Cuban officials and entities, saying they are aimed at those supporting a regime Washington deems a security threat. The U.N. High Commissioner for Human Rights warned the measures are causing widespread harm to civilians by restricting access to water, food, healthcare and energy. Cuban official…
Chicago Board of Trade soybean futures rose on Wednesday, ending an eight-session losing streak as market participants adjusted positions ahead of the U.S. Department of Agriculture's monthly crop forecasts due Thursday. July and November contracts posted gains, while soymeal and soyoil also climbed. Crude oil strength after a geopolitical remark b…
A survey of crude flow data and industry sources shows OPEC's 11-member production fell by 1.06 million barrels per day in May to 16.13 million bpd, the lowest monthly output in at least two decades. The steep decline reflects the effect of a U.S. naval blockade on Iran that began on April 13 and Iran's actions that have effectively restricted use …
A U.S. business group reports that Chinese export controls and slow licensing are making access to some critical minerals extremely difficult, prompting most affected companies to hunt for non-Chinese supplies. The survey finds nearly half of impacted firms have not yet found viable substitutes and investment intentions in China are weakening.
The Baltic Exchange's dry bulk freight index fell on Wednesday, driven by a significant drop in capesize rates. Despite the weakness in the largest vessel class, panamax rates inched higher and iron ore futures halted a five-session slide after supportive trade data from China influenced market sentiment.
A new pan-European poll shows only 11% of respondents across 15 countries now consider the United States an ally, a historic low and a decline from 16% six months earlier and 22% in November 2024. The survey, published ahead of upcoming G7 and NATO summits, also finds growing support for increased defence spending, greater use of European military …
U.S. technology shares extended a recent pullback even as crude oil briefly tumbled, highlighting market nervousness that stretches beyond energy. Traders head into the U.S. May CPI release and a 10-year Treasury auction with growing expectations of a year-end Fed rate hike. Renewed missile exchanges between the U.S. and Iran drove intraday crude v…
President Donald Trump marks his 80th birthday amid a complex political picture: he retains significant influence within the Republican base and over intra-party nominations, but recent judicial setbacks, an inability to wind down the Iran war, falling approval measures and growing Republican defections are heightening talk of a potential lame-duck…
European natural gas benchmarks rose slightly as renewed U.S.-Iran hostilities kept market participants cautious. Dutch TTF futures and British gas contracts gained 0.2% amid concerns that conflict-driven interruptions to global LNG flows, coupled with planned maintenance on major Norwegian facilities and below-average EU storage levels, will susta…
Gold declined for a fourth straight session as a firmer U.S. dollar, rising Treasury yields and increased odds of Federal Reserve tightening pressured non-yielding bullion. Fresh U.S. strikes on Iranian targets and a rise in oil prices reinforced concerns about energy-driven inflation ahead of U.S. consumer price data.
Oil futures advanced in Asian trade after the United States launched strikes on Iranian targets following the downing of an American helicopter. The moves pushed Brent above $93 and WTI near $90 a barrel, reversing losses from the prior session. Market participants are monitoring the Strait of Hormuz and awaiting official U.S. inventory data amid i…
Oil prices recovered from a recent trough on Wednesday as the U.S. carried out new strikes on Iranian targets and industry data showed another large weekly decline in U.S. crude inventories. Brent and U.S. WTI both rose roughly 1% amid renewed tensions that could weigh on regional shipping and supply flows.
ICE canola futures finished the session with mixed results, with near-term contracts slipping while later-month contracts gained. Strength in Chicago soyoil helped offset declines in crude oil, which moved on developments between Iran and Israel and comments from U.S. President Donald Trump. Weather across prairie growing regions has been supportiv…
Abu Dhabi National Oil Company said it is evaluating potential upstream oil and LNG investments in Canada through its international investment vehicle XRG. The announcement was made at the Global Energy Show in Calgary, with ADNOC's upstream chief declining to specify target assets while noting a favourable view of Canada’s renewed push on energy d…
The U.S. Energy Information Administration says oil inventories across OECD nations are being drawn down at a record pace and are projected to fall to just under 2.3 billion barrels by December, the lowest since records began in 2003. The agency attributes the rapid decline to lost output linked to the Iran war and assumes marine traffic through th…
